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. >> president obama and speaker boehner sounding upbeat friday about prospects for cutting a deal to avoid the fiscal cliff. we are back with the panel. after the congressional leaders and the president met at the white house on friday the rhetoric was reassuring. the question is is it real? do you get the sense, bob, that really do see or are beginning to see a path to a compromise are they they just trying to calm nervous investors because the stock market is going down a thousand points? >> everyone is nervous about this. this is kind of the last chance. the next six weeks could be six weeks that shook the united states if they don't fix this. there clearly is a new mood, but the way they are going to solve this is kind of hostage exchange. in other words, the republicans are determined not to let tax rates go up. the president is determined or is determined to get more revenue. and it's possible to do this. the president is going along, it seems, with some idea of entitlement reform that we are going to actually cut spending. but this is, you know, they are going to have to -- th
. >> president obama and speaker boehner sounding upbeat friday about prospects for cutting a deal to avoid the fiscal cliff. we are back with the panel. after the congressional leaders and the president met at the white house on friday the rhetoric was reassuring. the question is is it real? do you get the sense, bob, that really do see or are beginning to see a path to a compromise are they they just trying to calm nervous investors because the stock market is going down a thousand...
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Nov 18, 2012
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after the election, boehner said okay, have some revenue. the president has moved the goalpostsment and said it isn't just revenue. it those be a specific kind. my liberal base -- >> chris: wait. he did mention this once or twice in the campaign. >> but the question is are you going to stick on what you campaign on or find a compromise in the end? if you are looking for votes in congress -- boehner may be able to get enough to go along and do a deal to get revenue from closing the deductions and loopholes. he is not going to get the people to go along raising rates. there is the rhetoric the president engaged in on the campaign and then there is reality of washington. he is going to have to compromise on that to some degree if he wants a deal. >> chris: so does he have to compromise or do republicans compromise? >> first, i don't understand where the republicans think they have leverage here. you have seen that in tent whichs not just by boehner but people elsewhere. re-knew saying okay, we are going to let there be more revenue. but the pre
after the election, boehner said okay, have some revenue. the president has moved the goalpostsment and said it isn't just revenue. it those be a specific kind. my liberal base -- >> chris: wait. he did mention this once or twice in the campaign. >> but the question is are you going to stick on what you campaign on or find a compromise in the end? if you are looking for votes in congress -- boehner may be able to get enough to go along and do a deal to get revenue from closing the...
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Nov 18, 2012
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. >> did anything that speaker boehner said make you optimistic? was it just that urgency that you're talking about? >> well, it's the urgency, but i think the spirit at the table was one of everybody wants to make the best effort to get this done. hopefully that is possible. hopefully it is possible by the middle of december so the confidence of the markets and, most importantly, the confidence of the consumers returns to infuse our economy with demand, which creates jobs. >> you said afterwards there would be these milestones of success. how will that work? what are the goals? are there interim goals? >> well, my suggestion was that we at some point, not necessarily today, decide on what our goal is in terms of the amount of deficit reduction that we can achieve, some date by which we'd like to do it, the middle of december so this doesn't take us up to christmas, some milestones along the way so progress can be demonstrated we're moving in a forward direction. >> i spoke to senator michael bennet of colorado earlier this week. he said this reall
. >> did anything that speaker boehner said make you optimistic? was it just that urgency that you're talking about? >> well, it's the urgency, but i think the spirit at the table was one of everybody wants to make the best effort to get this done. hopefully that is possible. hopefully it is possible by the middle of december so the confidence of the markets and, most importantly, the confidence of the consumers returns to infuse our economy with demand, which creates jobs. >>...
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Nov 18, 2012
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that they've within boehnered will cause them to lose the international support they have. it's one of those 50-50 chance things but it's looking like everybody is looking fair way out. the question is, in a region like this, is there a way out. >> schieffer: well allen pizzey, who always shows up in the worst place where's the workforce things are going on, thank you. cbs news correspondent charlie dag tais on the other side of the border in gaza. charlie, bring us up to speed. what is the situation like there. >> reporter: well, the mood here is extremely teps, and the biggest worry is this dangerous and unpredictable situation may be about to get worse. as we drove through the northern part gaza strip, we were shown a couple of bombed out buildings, and one looked to be three or four stories high. it completely collapsed in a densely populated neighborhood. we also saw crater craters that looked to be in vacant lots. they may have been targeted because these are the areas suspected to hold rocket launching sites. the israel military has also started targeting media cente
that they've within boehnered will cause them to lose the international support they have. it's one of those 50-50 chance things but it's looking like everybody is looking fair way out. the question is, in a region like this, is there a way out. >> schieffer: well allen pizzey, who always shows up in the worst place where's the workforce things are going on, thank you. cbs news correspondent charlie dag tais on the other side of the border in gaza. charlie, bring us up to speed. what is...
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Nov 18, 2012
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president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying you've got to put a deal together in washington, if you guys in washington don't get it done, we're going to downgrade your credit. >> we've seen this movie before. it's not a good movie. i will remind viewers that the last time standard and poors did take us down a notch, it actually didn't hurt our ability to finance our debt at all. so that was kind of blown off by the markets, but this time could be different. there's one interesting wrinkle here. i do believe that if the political discourse, which is actually sounding a little better lately breaks down, everything is dysf
president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying...
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Nov 18, 2012
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i want to start out by playing two bits of sound from both speaker boehner and president obama on staking out what they would like to see in a deal to get rid of this fiscal cliff. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. >> gosh, that doesn't sound like you all are anywhere closer to a deal now than you were prior to the election. congressman price, where is there room for compromise here? >> there is certainly room for negotiation on a real solution, and a real solution includes both revenue increases and spending reductions. the reason we have concern about what the president is talking about and what my friends on the other side of the aisle have talked about is that it doesn't solve the problem. if we take the president's deal, you know how many days that pays for. eight days. not months. eight days. we neat to look at increasing revenue through pro-growth policies. >> not through tax hikes, correct? >> that means broadening the ba
i want to start out by playing two bits of sound from both speaker boehner and president obama on staking out what they would like to see in a deal to get rid of this fiscal cliff. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. >> gosh, that doesn't sound like you all are anywhere closer to a deal now than you were prior to the...
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. >> there is agreement all around that boehner wants a deal. the speaker wants a deal, but he cannot sell a deal, even with the goodwill that he thinks he and the president have on that right now, unless there is real graham ruddman type, real requirements, that these things go in simultaneously. and that's what jim baker wrote about recently, who's had that experience, of fashioning exactly that kind of deal. >> it's important, though, that -- >> you have to cut spending in the future. >> you can raise taxes with one congress. but it takes five congresses to cut spending. >> it's important to keep the focus on growth. not taxes, not spending cuts. you know, the goal here is to get our growth from, you know, one plus percent, up to three and four percent. if we don't get growth going, none of this will matter at all. it's really important as the president frames this that he frames it as growth, and therefore i need this tax increase for these people. this kind of spending cuts here. because it will leverage this kind of growth. >> but that's n
. >> there is agreement all around that boehner wants a deal. the speaker wants a deal, but he cannot sell a deal, even with the goodwill that he thinks he and the president have on that right now, unless there is real graham ruddman type, real requirements, that these things go in simultaneously. and that's what jim baker wrote about recently, who's had that experience, of fashioning exactly that kind of deal. >> it's important, though, that -- >> you have to cut spending in...